KKR REAL ESTATE FINANCE TRUS (KREF) Fundamental Analysis & Valuation

NYSE:KREF • US48251K1007

Current stock price

6.22 USD
+0.21 (+3.49%)
At close:
6.22 USD
0 (0%)
After Hours:

This KREF fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

2

1. KREF Profitability Analysis

1.1 Basic Checks

  • KREF had positive earnings in the past year.
  • In the past year KREF had a positive cash flow from operations.
  • The reported net income has been mixed in the past 5 years: KREF reported negative net income in multiple years.
  • In the past 5 years KREF always reported a positive cash flow from operatings.
KREF Yearly Net Income VS EBIT VS OCF VS FCFKREF Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 50M -50M 100M 150M

1.2 Ratios

  • The Return On Assets of KREF (-1.08%) is worse than 88.24% of its industry peers.
  • With a Return On Equity value of -5.96%, KREF is not doing good in the industry: 82.35% of the companies in the same industry are doing better.
Industry RankSector Rank
ROA -1.08%
ROE -5.96%
ROIC N/A
ROA(3y)-0.53%
ROA(5y)0.1%
ROE(3y)-2.94%
ROE(5y)0.28%
ROIC(3y)N/A
ROIC(5y)N/A
KREF Yearly ROA, ROE, ROICKREF Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 5 -5

1.3 Margins

  • With a Gross Margin value of 29.50%, KREF is not doing good in the industry: 64.71% of the companies in the same industry are doing better.
  • In the last couple of years the Gross Margin of KREF has declined.
  • The Profit Margin and Operating Margin are not available for KREF so they could not be analyzed.
Industry RankSector Rank
OM N/A
PM (TTM) N/A
GM 29.5%
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-14.07%
GM growth 5Y-11.04%
KREF Yearly Profit, Operating, Gross MarginsKREF Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 20 40 60 80

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3

2. KREF Health Analysis

2.1 Basic Checks

  • KREF does not have a ROIC to compare to the WACC, probably because it is not profitable.
  • Compared to 1 year ago, KREF has less shares outstanding
  • The number of shares outstanding for KREF has been increased compared to 5 years ago.
  • KREF has a better debt/assets ratio than last year.
KREF Yearly Shares OutstandingKREF Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20M 40M 60M
KREF Yearly Total Debt VS Total AssetsKREF Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2B 4B 6B

2.2 Solvency

  • KREF has an Altman-Z score of -0.16. This is a bad value and indicates that KREF is not financially healthy and even has some risk of bankruptcy.
  • Looking at the Altman-Z score, with a value of -0.16, KREF is in line with its industry, outperforming 54.41% of the companies in the same industry.
  • The Debt to FCF ratio of KREF is 83.74, which is on the high side as it means it would take KREF, 83.74 years of fcf income to pay off all of its debts.
  • KREF has a Debt to FCF ratio of 83.74. This is in the better half of the industry: KREF outperforms 76.47% of its industry peers.
  • A Debt/Equity ratio of 3.88 is on the high side and indicates that KREF has dependencies on debt financing.
  • Looking at the Debt to Equity ratio, with a value of 3.88, KREF is in the better half of the industry, outperforming 67.65% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 3.88
Debt/FCF 83.74
Altman-Z -0.16
ROIC/WACCN/A
WACC6.03%
KREF Yearly LT Debt VS Equity VS FCFKREF Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2B 4B 6B

2.3 Liquidity

  • A Current Ratio of 0.13 indicates that KREF may have some problems paying its short term obligations.
  • KREF has a Current ratio of 0.13. This is comparable to the rest of the industry: KREF outperforms 52.94% of its industry peers.
  • A Quick Ratio of 0.13 indicates that KREF may have some problems paying its short term obligations.
  • KREF has a Quick ratio (0.13) which is comparable to the rest of the industry.
Industry RankSector Rank
Current Ratio 0.13
Quick Ratio 0.13
KREF Yearly Current Assets VS Current LiabilitesKREF Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 1B 2B 3B 4B 5B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

5

3. KREF Growth Analysis

3.1 Past

  • The Earnings Per Share has grown by an impressive 139.22% over the past year.
  • Measured over the past years, KREF shows a very negative growth in Earnings Per Share. The EPS has been decreasing by -27.15% on average per year.
  • Looking at the last year, KREF shows a very negative growth in Revenue. The Revenue has decreased by -22.90% in the last year.
  • The Revenue has been growing by 11.11% on average over the past years. This is quite good.
EPS 1Y (TTM)139.22%
EPS 3Y-37.39%
EPS 5Y-27.15%
EPS Q2Q%204.76%
Revenue 1Y (TTM)-22.9%
Revenue growth 3Y1.26%
Revenue growth 5Y11.11%
Sales Q2Q%-26.59%

3.2 Future

  • Based on estimates for the next years, KREF will show a very strong growth in Earnings Per Share. The EPS will grow by 34.30% on average per year.
  • Based on estimates for the next years, KREF will show a small growth in Revenue. The Revenue will grow by 2.56% on average per year.
EPS Next Y67.79%
EPS Next 2Y40.12%
EPS Next 3Y34.3%
EPS Next 5YN/A
Revenue Next Year-10.91%
Revenue Next 2Y-7.03%
Revenue Next 3Y2.56%
Revenue Next 5YN/A

3.3 Evolution

  • When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
  • When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
KREF Yearly Revenue VS EstimatesKREF Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 200M 400M 600M
KREF Yearly EPS VS EstimatesKREF Yearly EPS VS EstimatesYearly EPS VS Estimates 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 0 1 -1

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6

4. KREF Valuation Analysis

4.1 Price/Earnings Ratio

  • Based on the Price/Earnings ratio of 15.55, the valuation of KREF can be described as correct.
  • KREF's Price/Earnings is on the same level as the industry average.
  • When comparing the Price/Earnings ratio of KREF to the average of the S&P500 Index (26.17), we can say KREF is valued slightly cheaper.
  • KREF is valuated reasonably with a Price/Forward Earnings ratio of 9.27.
  • Based on the Price/Forward Earnings ratio, KREF is valued a bit cheaper than the industry average as 61.76% of the companies are valued more expensively.
  • The average S&P500 Price/Forward Earnings ratio is at 23.05. KREF is valued rather cheaply when compared to this.
Industry RankSector Rank
PE 15.55
Fwd PE 9.27
KREF Price Earnings VS Forward Price EarningsKREF Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 20 40 60 80

4.2 Price Multiples

  • Compared to the rest of the industry, the Price/Free Cash Flow ratio of KREF indicates a rather cheap valuation: KREF is cheaper than 85.29% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 7.13
EV/EBITDA N/A
KREF Per share dataKREF EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 5 10 15

4.3 Compensation for Growth

  • The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
  • KREF's earnings are expected to grow with 34.30% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.23
PEG (5Y)N/A
EPS Next 2Y40.12%
EPS Next 3Y34.3%

More info and screens

Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

5

5. KREF Dividend Analysis

5.1 Amount

  • KREF has a Yearly Dividend Yield of 16.39%, which is a nice return.
  • The stock price of KREF dropped by -24.88% in the last 3 months. With lower prices the dividend yield is higher, but it may be a sign investors do not trust the long term dividend.
  • Compared to an average industry Dividend Yield of 13.66, KREF pays a better dividend. On top of this KREF pays more dividend than 85.29% of the companies listed in the same industry.
  • Compared to an average S&P500 Dividend Yield of 1.89, KREF pays a better dividend.
Industry RankSector Rank
Dividend Yield 16.39%

5.2 History

  • The dividend of KREF decreases each year by -5.05%.
  • KREF has paid a dividend for at least 10 years, which is a reliable track record.
  • The dividend of KREF decreased recently.
Dividend Growth(5Y)-5.05%
Div Incr Years0
Div Non Decr Years1
KREF Yearly Dividends per shareKREF Yearly Dividends per shareYearly Dividends per share 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 0.5 1 1.5

5.3 Sustainability

  • KREF has negative earnings and hence a negative payout ratio. The dividend may be in danger.
DP-126.16%
EPS Next 2Y40.12%
EPS Next 3Y34.3%
KREF Yearly Income VS Free CF VS DividendKREF Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 50M -50M 100M 150M

More info and screens

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KREF Fundamentals: All Metrics, Ratios and Statistics

KKR REAL ESTATE FINANCE TRUS

NYSE:KREF (4/2/2026, 8:04:00 PM)

After market: 6.22 0 (0%)

6.22

+0.21 (+3.49%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryMortgage Real Estate Investment Trusts (REITs)"
Earnings (Last)02-03
Earnings (Next)04-27
Inst Owners66.64%
Inst Owner Change-0.2%
Ins Owners2.3%
Ins Owner Change6.92%
Market Cap399.82M
Revenue(TTM)458.10M
Net Income(TTM)-69.89M
Analysts75
Price Target9.01 (44.86%)
Short Float %9.95%
Short Ratio3.55
Dividend
Industry RankSector Rank
Dividend Yield 16.39%
Yearly Dividend1.33
Dividend Growth(5Y)-5.05%
DP-126.16%
Div Incr Years0
Div Non Decr Years1
Ex-Date03-31
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-42.81%
Min EPS beat(2)-129.41%
Max EPS beat(2)43.79%
EPS beat(4)3
Avg EPS beat(4)2.07%
Min EPS beat(4)-129.41%
Max EPS beat(4)49.72%
EPS beat(8)6
Avg EPS beat(8)-24.97%
EPS beat(12)8
Avg EPS beat(12)-44.28%
EPS beat(16)11
Avg EPS beat(16)-35.81%
Revenue beat(2)0
Avg Revenue beat(2)-10.33%
Min Revenue beat(2)-18.35%
Max Revenue beat(2)-2.31%
Revenue beat(4)0
Avg Revenue beat(4)-10.26%
Min Revenue beat(4)-18.35%
Max Revenue beat(4)-2.31%
Revenue beat(8)1
Avg Revenue beat(8)-6.42%
Revenue beat(12)3
Avg Revenue beat(12)13.75%
Revenue beat(16)7
Avg Revenue beat(16)45.86%
PT rev (1m)-1.85%
PT rev (3m)-13.82%
EPS NQ rev (1m)-42.27%
EPS NQ rev (3m)-39.78%
EPS NY rev (1m)0%
EPS NY rev (3m)7.87%
Revenue NQ rev (1m)-3.71%
Revenue NQ rev (3m)-10.21%
Revenue NY rev (1m)-2.19%
Revenue NY rev (3m)-5.3%
Valuation
Industry RankSector Rank
PE 15.55
Fwd PE 9.27
P/S 0.87
P/FCF 7.13
P/OCF 5.53
P/B 0.34
P/tB 0.34
EV/EBITDA N/A
EPS(TTM)0.4
EY6.43%
EPS(NY)0.67
Fwd EY10.79%
FCF(TTM)0.87
FCFY14.02%
OCF(TTM)1.12
OCFY18.08%
SpS7.13
BVpS18.24
TBVpS18.24
PEG (NY)0.23
PEG (5Y)N/A
Graham Number12.81
Profitability
Industry RankSector Rank
ROA -1.08%
ROE -5.96%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) N/A
GM 29.5%
FCFM 12.24%
ROA(3y)-0.53%
ROA(5y)0.1%
ROE(3y)-2.94%
ROE(5y)0.28%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexgc growth 3YN/A
ROICexgc growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-14.07%
GM growth 5Y-11.04%
F-Score4
Asset Turnover0.07
Health
Industry RankSector Rank
Debt/Equity 3.88
Debt/FCF 83.74
Debt/EBITDA N/A
Cap/Depr 623.39%
Cap/Sales 3.54%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio 0.13
Quick Ratio 0.13
Altman-Z -0.16
F-Score4
WACC6.03%
ROIC/WACCN/A
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
Cap/Sales(3y)N/A
Cap/Sales(5y)N/A
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)139.22%
EPS 3Y-37.39%
EPS 5Y-27.15%
EPS Q2Q%204.76%
EPS Next Y67.79%
EPS Next 2Y40.12%
EPS Next 3Y34.3%
EPS Next 5YN/A
Revenue 1Y (TTM)-22.9%
Revenue growth 3Y1.26%
Revenue growth 5Y11.11%
Sales Q2Q%-26.59%
Revenue Next Year-10.91%
Revenue Next 2Y-7.03%
Revenue Next 3Y2.56%
Revenue Next 5YN/A
EBIT growth 1Y-246.48%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year-2.22%
EBIT Next 3Y4.39%
EBIT Next 5YN/A
FCF growth 1Y-57.25%
FCF growth 3Y-26.49%
FCF growth 5Y-13.4%
OCF growth 1Y-45.47%
OCF growth 3Y-19.99%
OCF growth 5Y-8.88%

KKR REAL ESTATE FINANCE TRUS / KREF Fundamental Analysis FAQ

Can you provide the ChartMill fundamental rating for KKR REAL ESTATE FINANCE TRUS?

ChartMill assigns a fundamental rating of 4 / 10 to KREF.


What is the valuation status for KREF stock?

ChartMill assigns a valuation rating of 6 / 10 to KKR REAL ESTATE FINANCE TRUS (KREF). This can be considered as Fairly Valued.


Can you provide the profitability details for KKR REAL ESTATE FINANCE TRUS?

KKR REAL ESTATE FINANCE TRUS (KREF) has a profitability rating of 2 / 10.


Can you provide the PE and PB ratios for KREF stock?

The Price/Earnings (PE) ratio for KKR REAL ESTATE FINANCE TRUS (KREF) is 15.55 and the Price/Book (PB) ratio is 0.34.


What is the earnings growth outlook for KKR REAL ESTATE FINANCE TRUS?

The Earnings per Share (EPS) of KKR REAL ESTATE FINANCE TRUS (KREF) is expected to grow by 67.79% in the next year.